GTCO non-banking businesses made ₦15.94 billion profit in six months, with HabariPay doubling its earnings to ₦7.81 billion.
Guaranty Trust Holding Company(GTCO) has shared its financial report for the first six months of 2026. The report shows that the company is making a lot of money from businesses that are not regular bank branches.
The biggest star in this growth is HabariPay, the company’s digital payment and technology arm. Between January and June 2026, HabariPay made a profit before tax of ₦7.81 billion.
This is almost double the ₦4.02 billion it made during the same period in 2025, which means its profit jumped by 94 percent.
This huge jump in money shows that more people and small businesses in Nigeria are using digital apps and online payment tools to send money, buy items, and run their daily activities.
HabariPay did not just make money for itself; it also carried the biggest weight for GTCO’s other non-banking arms.
In total, the group’s three main non-banking businesses, HabariPay, GT Fund Managers, and GT Pension Fund Administrator, made a total profit before tax of ₦15.94 billion in the first half of 2026.
This is an 85 percent jump from the ₦8.62 billion they made together in the first half of 2025.
Looking closely at the numbers, GT Fund Managers also performed very well during this period. The money management arm made a pre-tax profit of ₦7.21 billion, up from ₦3.71 billion in the previous year.
It also saw the total money and assets it manages grow from ₦880 billion at the end of 2025 to ₦1.42 trillion by June 2026. Meanwhile, GT Pension Fund Administrator made a smaller but steady profit before tax of ₦927.84 million, showing that people are still saving money for their old age.
Together, HabariPay and GT Fund Managers brought in over 94 percent of all the money made by the non-banking group.
Even though these other businesses are growing fast, GTBank’s main banking activity is still where most of the group’s money comes from.
For the first six months of 2026, the entire GTCO group made a massive profit before tax of ₦603.03 billion. This means the ₦15.94 billion from the non-banking side is only about 2.6 percent of all the money the big company made.
However, leaders at the company are very happy because it shows that their plan to move beyond normal banking is working well.
GTCO is seeing real results from its choice to open new business lines. In their news report on the results, they explained that “notably, HabariPay and GT Fund Managers contributed more than 94% of this collective profit, showcasing their pivotal roles in GTCO’s evolving financial landscape.”
They also added that “this diversification is not only bolstering revenue but also positioning GTCO for a more robust future beyond the confines of conventional banking.”
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Total money kept in bank accounts by GTCO customers went up by 10.3 percent to ₦14.19 trillion, while the total wealth owned by the company reached ₦18.6 trillion.
Because of this solid performance, the leaders of GTCO have promised to pay shareholders an interim cash reward of ₦1 for every share they own in the company.
All these reports show that standard bank transfers and deposit accounts are no longer the only way big financial institutions plan to make money in Africa.
By using mobile payments, investment programs, and pension savings, companies like GTCO are finding fresh ways to grow as digital financial technology continues to spread across the continent.
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